Jacquelyn Sarpong
Current situation
My lil brother has a 680 credit score. Make 45k a year. Has student loans and lil credit card debt. Have 9k in the bank. Should he wholesale, flip, or rent? What's the best route to real estate investing in the cu...
Xavier Benitez
Wholesaling with out of state owner
So I might have found my first deal. I'm in Texas and the owner is in LouisanaThe only problem is it's owned by an out of state owner I know its possible to still wholesale the property. Can someone please tell me how...
Zach Gentner
Primary Residence and Rental on Same Parcel, Legal Pitfalls?
Hey, BiggerPockets!
I'm a long time reader of the forums and I have a feeling that among the wealth of knowledge here, that someone would have an answer to this question. Any of your sage wisdom, advice, and comments...
Adam Lovell
Getting Married in 1.5 Years- How to Take Advantage of FHA?
Hey all- we have a pretty complicated question and would love some input from you more experienced folks.I am 29 and my fiancee is 24. She is graduating nursing school next week, and plans to get a job in the Tampa a...
Blake Reynolds
Tenant Discrimination (House Hacking)
If I am trying to rent out 2 spare bedrooms in a property that I own and live in can I be more selective as to which tenants I select since I also live in the house? Not that I would actually discriminate due to race/...
Alex Ng
Rehabbing vs Building a Property Profit Margins
How much are profit margins say if I build a 4plex vs just finding a distressed 4 plex and fixing it up? I expect constructing a new one to cost more and take more time to do, but does it have more profitability than ...
Alex Aronson
What % of gross rents should be allocated to repairs
Hello,
Just finished my taxes for 2008. I noticed that my % of cost from repairs compared to gross rents was 4.7%. I currently budget 10% of gross rents for repairs. IE if rents are $800 a month, I set aside $80 f...
Mike D.
Cost to demo a 800ft farm house in Iowa
Any estimates on this? I'm looking for a ballpark figure so I can make an offer on the site. It's in the city of Cedar Rapids.
Jared Chipkin
Financing falling through with 9 days until closing!
Our loan has been approved for a couple weeks..or so I thought! Now our lender is coming back saying that we are at 44%debt to income and we need to be at 41% because of my commission income it threw everything off. ...
Carolyn Keller
Tenants kids ball found in pipe that caused sewage back up, etc.
Tenants of going on three years. Excellent overall, pay early or on time. Never an issue. Recently tenant contacted me, pipe backed up, sewage into house, damaging original wood floors beyond repair. Tenant said he w...